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<br /> • S. I�awtl or PropQrty lnsurnnce. Burrowcr shnl! kcep the improvcments noR��i�ting or hereafter erecte� on the
<br /> Property insurcd agumst io�s by fin:, haG►nis inctudcd�vithin tne trnu '�-xtcr�ded cave�gc"u.�J any ocl�u i►+v�ud�, iucludiug =-
<br /> flondw or flonciing, for which l.ertder requirex ln��urunce, 'Chis insur�nc�shull hc maintninect in thc antounts und for the pedads
<br /> that Lender rcquirr.;.The insurlince cunicr prc►viding thc insuranee ahull be chose�� by&�rrawer subject to I.�:nder'ti npproval
<br /> which shull nat be unreas�nubly withhclJ. If Barrower failx tu mnintuin coveragc d�scrfbed above, L�:nder muy, ut [.ender's
<br /> aption.obtuln covcragc tu prutcct Lendci s rights in thc Prapcny in accorQancc with parAgraph 7.
<br /> All insurnnce policies and rr.newais shall be uccepmble to L.ender and shaU inc�ude a stundurd monguge cluuse. Lender
<br /> shall havc the right to hutd the pciticies und renewals. If l.ender rcquires.Borrower shalt promptly�;ive to Lcnder ait receipts of
<br /> paid premiums and renewal notices.In the event of loss.Borrower shall gtve prompt natice ta the i nsurance cnrrlec urtd Lender.
<br /> l.cnder may nwlce praof af loss if not made pmmptly by Barrower.
<br /> Unless Lendcr und Borrower atherwjsn agree in wdt�ng.insucance procecds shall be applie�to ratoradon or repair of the
<br /> Propeny dum�ged,if the mstoratian or repai:is ecanomfcally feasible and Lender's secar�ty is rtot lessened.If the restorat�an or
<br /> mpair is not economically feasibte or Lender's securiry would be lessened. the insurance proceeds sh�ll be applicd to the sams
<br /> secured by this Security Instrument. whether or not then due. wlth any excesa puid to Borrower. If Borrower nbundons the
<br /> Property.ar docs rtot wuwer within 30 days a not➢ce from Lender that the insurence�rrier has offered to setde a cluim. then
<br /> Lender may collect the insumnce proceeds. Lender may use the proceeds to repair or restore tl�,e Property or to pay sums
<br /> �securud by this Secudty Instrument,whether or nat then due.The 30-day period will begin when the notice is�iven.
<br /> Unless l.er�der nnd Bonower oth�rwisc a$rec in wdting, any application of pmceeds ta principal shall not extend or
<br /> postpone the due date oi the monthly payments referred to in paragtaphs I and 2 or chan�e tl�e amaunt af the paymenu. If
<br /> unc4sr para�raph 2I the Property is acquired by�.ender.�orrower's r�ght ta eny insurance pc�lIcies and procee�ds resulting from
<br /> dama�e to the Propeny prior to the acqutsltion shall ps�ss to Lender to the extent of the sums secured by t�is Securlty Instrument
<br /> immt�iately prior to the ecqaisition.
<br /> 6.Oocnparecy, Preservation,Matntenence and Protectlon uf the Property;Borrower's II..o�n Application; Leaseholds.
<br /> Hormwer shall occupy.establish.and uso tlie Property as Borrower's priarlpnl resIdence wHt►in sixty days atter the exetutIon of
<br /> this Security Instrument and shall cantinue ta occupy the Property us Sarrower's principul residertce for at least one year after
<br /> die date of accupaacy.unless I.ender otherwise agrces in writing.which consent shall not be unreasonably withheld,or unless
<br /> eatenuaung circumstances exlst which are beyond Borrower's control. Borrower shall not destroy, daroage or inipair the
<br /> Property. allow the Property to deteriornte, or commit waste on the Propecty. Borrower shel! 6e in default if any forfeiture
<br /> actIon or�proce�ling.whether cIvil or criminal. is begun thut in Lender'a good faith judgment could result in forfeitiue of the
<br /> Property or otherwise marer�ally impair the lien cmated by this Securtty Instrument or Lender's security interest.Borrower may
<br /> cur�such a default and reinstate,as provIded in parasraph 1 S,by causing the actIon or proceeding tv be dismissod whh a rulin�
<br /> that. in I.cnder's goad fuith determination, prerludes forfettur+e of t�e Borrower's intcrest in the Property or other materiel
<br /> Imps�icment of the lien created by this Security Inst�ument or L.ender's security lnterest. Bornower ahall slso be in default If
<br /> Bomower.durtn�the loun upplicatlon process,gave mnterially false or inzccurate information or statements to L.ender(or fAiled
<br /> to provlde Lender with ttny materlal Information)in connectton with the loaa evidenced by the Note,incltcdi»g,but not limiuxl
<br /> to,representattons concerning Borro�ver's oocupancy of the Property ag a princIpal resldence.If this Securiry Instrume��t is on a
<br /> leasehold, Borrower shall.comply with ell the provistons of the lease. IIf Borrower acquires fee tide to the Property. the
<br /> leasehold nnd the fea dtle shall not merge unless Lender agrees to the merger iri wslHng.
<br /> 7.Prntect[on ot Lender's R�hts in the Y►�opeirt,y.If Bonower fails to perform the covenants and agreemeats contained in
<br /> this S�xurity Insuument.or there{s a legal proceeding thut may signitirantly affect Lender's rights in the Property(such us a
<br /> proceedittg in bankrupuy,probate, for aondemnation or forfeiture or to enforce Iaws or r+egulations),then f,ender may do aad
<br /> pay for whatever is necessary to protect the value of the Property and Lender's rights in the Property. I.ender's actions may
<br /> include paying eny sums securai by a lien vrhich has priar�ty over this 5ecwlry Inswment, appearIng in court. paying
<br /> r�asonable attorrteys'fc�es and entering on the Property ro make repairs. Althou�h Lender may tal�e actlon under this para�tmph
<br /> 7.Lender does not huve to do so.
<br /> Any amounts,disbursed by L.ender under this puragraph 7 shal! became additIon�l debt of Borrower secured by thts
<br /> Security Instrument. Unless Barrower and Lei►der agree to other terms of payment. these amounts shull bear Interest from the
<br /> datc of disbucsert�ent at the Note rate and sl�all be payable. wIth jnterest.upon notIce from Leader to Bormwer requesting
<br /> payment.
<br /> $.Mottgage Insurence.If I.ender required mortgage insurance as a conditlon of making the loan secured by titis Security
<br /> Instrun►ent. Buuowrr aitali �u►y Ute prenilums ctx�uir�xl to main4►in ihe mocigage iu�uraiiw iu xfia;e. If. for any reawu. the
<br /> martgage insurarece covera�e myutred by Lender lupses or ce�ases to be in effect.Borrower shall pay the premiums required to
<br /> obttdn caverage•substantIally equivalent to the mortgago insurance previously�effect.at a cost substant�ally equivalent to the
<br /> cost to Borrower of the mortgage insuranre prevIausly in effect. from an alternate mortgage insurer approved by Lender. If
<br /> substantially equivalent mortgage insurance coverage is not uvallable,Bomower ahall pay to I.Ender each month u sum equal to
<br /> one-twelfth of the yearly morssase insuntnce premium being paid by Borrower when the insurnnce a►verage lapsed or ceased to
<br /> be in cffect.Lertder wil!accept.use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss ressE:.nre
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